Arbeitspapier
Can Institutional Change Impact High-Technology Firm Growth?: Evidence from Germany's Neuer Markt
To facilitate the transformation of the German economy from the traditional manufacturing industries towards emerging new technologies, a new segment of the Frankfurt exchange was introduced in 1997 - Der Neue Markt. This study provides evidence that not only did many new firms obtain funding from the Neuer Markt, but that for the first time in recent history, Germany succeeded in enabling smaller firms to grow faster than larger firms. This suggests that the new policies were not only successful in promoting a new type of firm that otherwise might not exist, but in transforming the sources of growth and innovation within the German economy.
- Sprache
-
Englisch
- Erschienen in
-
Series: Papers on Entrepreneurship, Growth and Public Policy ; No. 2504
- Klassifikation
-
Wirtschaft
Firm Performance: Size, Diversification, and Scope
- Thema
-
Innovation
Growth
Institutions
Germany
Neuer Markt
Wirtschaftsförderung
Klein- und Mittelunternehmen
Hochtechnologiesektor
Unternehmenswachstum
Unternehmensgründung
Wirtschaftspolitische Wirkungsanalyse
Schätzung
Deutschland
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Audretsch, David B.
Elston, Julie Ann
- Ereignis
-
Veröffentlichung
- (wer)
-
Max Planck Institute for Research into Economic Systems
- (wo)
-
Jena
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Audretsch, David B.
- Elston, Julie Ann
- Max Planck Institute for Research into Economic Systems
Entstanden
- 2004
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